MHB How to calculate percentage lease rent for a store with varying monthly sales?

  • Thread starter Thread starter lindakw
  • Start date Start date
  • Tags Tags
    Business Test
AI Thread Summary
To calculate the total rent for a store with a percentage lease of 2.5% based on gross monthly sales, first sum the sales for January ($3,500), February ($4,250), and March ($5,990), resulting in total gross sales of $13,740. Then, calculate 2.5% of this total, which amounts to $343.50. Alternatively, one could calculate 2.5% for each month individually and then add those amounts together, though this method involves more calculations. The correct total rent for the first three months is $343.50. Understanding this calculation is essential for effective financial planning in retail settings.
lindakw
Messages
1
Reaction score
0
A store Has a percentage lease at a rate of 2.5 percent of gross monthly sales. First -quarter sales were 3,500 for JAn. , 4,250 for Feb , and 5,990 for March. What was the total rent for the first three months?

A:\$276.50
B:\$319.25
C:\$343.50
D:\$424.25I will take any help I can even if you could explain the problem without giving me the answer.
I'm practicing for the asvab test and the book really don't explain every question they give.
 
Last edited by a moderator:
Mathematics news on Phys.org
lindakw said:
A store Has a percentage lease at a rate of 2.5 percent of gross monthly sales. First -quarter sales were 3,500 for JAn. , 4,250 for Feb , and 5,990 for March. What was the total rent for the first three months?

A:\$276.50
B:\$319.25
C:\$343.50
D:\$424.25I will take any help I can even if you could explain the problem without giving me the answer.
I'm practicing for the asvab test and the book really don't explain every question they give.

They are asking for 2.5% of the total of the gross sales for those three months.

CB
 
If gross sales for each month was \$3,500, \$4,250, and \$5,990 what was the total gross sales? What is 2.5% of that?

Or, you could do it the other way- find 2.5% of each of those and then add but that requires a few more calculations.
 
Last edited by a moderator:

Thread 'Trigonometry problem of interest'

Seemingly by some mathematical coincidence, a hexagon of sides 2,2,7,7, 11, and 11 can be inscribed in a circle of radius 7. The other day I saw a math problem on line, which they said came from a Polish Olympiad, where you compute the length x of the 3rd side which is the same as the radius, so that the sides of length 2,x, and 11 are inscribed on the arc of a semi-circle. The law of cosines applied twice gives the answer for x of exactly 7, but the arithmetic is so complex that the...
View full post »

Thread 'Six Pencil Puzzle'

Is it possible to arrange six pencils such that each one touches the other five? If so, how? This is an adaption of a Martin Gardner puzzle only I changed it from cigarettes to pencils and left out the clues because PF folks don’t need clues. From the book “My Best Mathematical and Logic Puzzles”. Dover, 1994.
View full post »

Hot Threads

Recent Insights

Back
Top